Renovated, Character Home, Updated HVAC, Historic
1925 Connersville Bungalow, Fully Renovated Top to Bottom — $139,900
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 6 | 1925 bungalow, 2BR/1BA, 1032 sqft, privacy fence; small lot limits upside |
| Condition | 25% | 8 | Extensive named renovations — HVAC, electrical, water heater, kitchen, flooring; move-in ready |
| Price / Sq Ft | 15% | 4 | Listing $136/sqft vs zip median $114/sqft — 19% above median; thin comps |
| Price vs. Market | 5% | 4 | At $139,900 vs $149,885 median — within 7%, essentially at market |
| Market Conditions | 5% | 6 | DOM 25, sale-to-list 95.5%, price drops 35.6% — mixed signals favor buyers slightly |
The work is already done. That's the thing that stops you here. New HVAC, new electrical, new water heater, new kitchen, new flooring, updated bathroom — whoever owned this before you put in the effort, and they did it on a 1925 bungalow that still has the shape and feel those houses carry. At 1,032 square feet, it's a two-bedroom, one-bath, and there's no pretending otherwise. But the floor plan works, and nothing in it needs your immediate attention or money.
The kitchen is new. That matters more than almost anything else in a house this size, because in 1,032 square feet, the kitchen is always part of the living. New HVAC means you're not walking into a surprise in July or February. New electrical means you're not walking into a liability. The seller is also offering an appliance allowance, so you pick what goes in rather than inheriting whatever was left behind.
Out back there's a privacy-fenced yard. On a lot this size, the fence is doing real work — it creates actual separation and makes the space feel intentional rather than just whatever's behind the house.
The honest downside: the price per square foot runs about 19% above the zip code median, which is a meaningful gap when the lot is small and the square footage caps out at 1,032. There's limited room to grow here, and thin comparable sales in the area make it harder to know exactly what you're getting for the premium. You're paying for the renovation, and the renovation is real, but it's priced at the top of what a house this size in this market can carry.
What the price buys you is a clean start. No contractor calls in the first year, no deferred maintenance waiting in the walls, no negotiating with an old water heater. For a first-time buyer or someone who has had enough of projects, that has a specific and practical value that's harder to put a number on than square footage.
